Indiana Stock Option and Award Plan of Amresco, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-323
• Format: Word; Rich Text

Description

18-323 18-323 . . . Stock Option and Award Plan under which Committee can grant (a) Incentive Stock Options and Non-qualified Stock Options to persons other that outside directors, (b) Non-qualified Stock Options to outside directors (15,000 shares on his or her date of election or appointment and 15,000 shares every three years upon his or her re-election), (c) Restricted Stock, and (d) Performance Shares which have value equal to fair market value of share of stock on date Performance Share is earned. Committee sets performance goals which, depending on extent to which they are met, will determine number of Performance Shares that will be earned by Participants. Committee uses one or more of following performance measures for purposes of grants of Performance Shares: total stockholder return, return on assets, return on equity, earnings per share, and ratio of operating overhead to operating revenues The Indiana Stock Option and Award Plan (SOAP) is a comprehensive employee benefit program offered by Fresco, Inc., a leading company in Indiana. This plan aims to incentivize and reward employees for their contributions to the company's success and growth in the form of stock options and various awards. Under the SOAP, Fresco provides its employees with the opportunity to participate in the company's long-term success by granting them stock options. Stock options are financial instruments that entitle employees to purchase a specific number of company shares at a predetermined price and within a certain timeframe. By granting stock options, Fresco aims to align the interests of its employees with that of the shareholders, fostering a mutually beneficial environment. Employees participating in the SOAP may have access to different types of stock options and awards: 1. Non-Qualified Stock Options (Nests): These stock options are typically offered to all employees and provide them with the right to purchase company shares at a predetermined price during a specific period. Nests offer flexibility by not requiring compliance with certain tax regulations, allowing employees to exercise their options at their convenience. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and carry potential tax advantages. To utilize the advantageous tax treatment, SOS must comply with specific criteria outlined by the Internal Revenue Service (IRS). If employees meet the requirements, they may be subject to favorable tax rates when exercising their options. 3. Restricted Stock Units (RSS): In addition to stock options, the SOAP may include RSS as an award mechanism. RSS is an alternative way to tie employee compensation to the company's performance. Instead of granting the right to purchase shares, RSS entitle employees to receive company stock at a future date or once specific goals are met. 4. Performance-Based Stock Awards: To motivate exceptional performance and achievement of specific corporate targets, the SOAP may also include performance-based stock awards. These awards are granted to employees based on predefined performance metrics, such as revenue growth or market share increase, and are typically tied to vesting periods. Fresco's Indiana Stock Option and Award Plan provides a comprehensive framework that combines stock options and other performance-related awards to motivate and incentivize employees. This program aims to foster a sense of ownership, loyalty, and long-term commitment among the workforce, ultimately contributing to the company's overall success.

The Indiana Stock Option and Award Plan (SOAP) is a comprehensive employee benefit program offered by Fresco, Inc., a leading company in Indiana. This plan aims to incentivize and reward employees for their contributions to the company's success and growth in the form of stock options and various awards. Under the SOAP, Fresco provides its employees with the opportunity to participate in the company's long-term success by granting them stock options. Stock options are financial instruments that entitle employees to purchase a specific number of company shares at a predetermined price and within a certain timeframe. By granting stock options, Fresco aims to align the interests of its employees with that of the shareholders, fostering a mutually beneficial environment. Employees participating in the SOAP may have access to different types of stock options and awards: 1. Non-Qualified Stock Options (Nests): These stock options are typically offered to all employees and provide them with the right to purchase company shares at a predetermined price during a specific period. Nests offer flexibility by not requiring compliance with certain tax regulations, allowing employees to exercise their options at their convenience. 2. Incentive Stock Options (SOS): SOS are typically granted to key employees and carry potential tax advantages. To utilize the advantageous tax treatment, SOS must comply with specific criteria outlined by the Internal Revenue Service (IRS). If employees meet the requirements, they may be subject to favorable tax rates when exercising their options. 3. Restricted Stock Units (RSS): In addition to stock options, the SOAP may include RSS as an award mechanism. RSS is an alternative way to tie employee compensation to the company's performance. Instead of granting the right to purchase shares, RSS entitle employees to receive company stock at a future date or once specific goals are met. 4. Performance-Based Stock Awards: To motivate exceptional performance and achievement of specific corporate targets, the SOAP may also include performance-based stock awards. These awards are granted to employees based on predefined performance metrics, such as revenue growth or market share increase, and are typically tied to vesting periods. Fresco's Indiana Stock Option and Award Plan provides a comprehensive framework that combines stock options and other performance-related awards to motivate and incentivize employees. This program aims to foster a sense of ownership, loyalty, and long-term commitment among the workforce, ultimately contributing to the company's overall success.